Tracking Wire Transfers to Stop Launderers (Audio/Visual CD-ROM)
We all basically know what wire transfers are: the electronic transmission of funds between financial institutions on behalf of themselves or their customers. Very convenient, but also dangerous: a tool for money launderers around the globe, which is why wire transfers are covered by the regulatory requirements of many countries as part of their AML efforts. Using real life cases, here we'll discuss how to monitor suspicious activity in wire transfers, the travel rule, possible weak points of monitoring methods, and the best ways for financial institutions to track transfers, their originators and beneficiaries and how this information can be used in internal or government investigations.
The Experts:
Connie Fenchel, CAMS
Connie is an internationally recognized expert in the areas of money laundering, detection of suspicious activity and currency reporting. She has more than 29 years of experience in anti-money laundering and related fields. Connie served as the Deputy Director of the Financial Crimes Enforcement Network (FinCEN) and is currently president of Global Consulting Services, Inc., an independent consulting firm specializing in anti-money laundering, the Bank Secrecy Act, and customs matters. She has worked with banks, non-bank financial institutions, U.S. and foreign agencies on anti-money laundering and regulatory compliance issues.
Oscar Herasme, CAMS
Oscar is President and General Counsel to External Compliance Officer, Inc. (“ECO”), the leading compliance and electronic monitoring service for remittance companies in the United States. Oscar is also the former interim-President of the National Money Transmitters Association, the largest trade organization representing money transmitters. Before joining ECO, Oscar was in private practice, representing money transmitters in regulatory and litigation matters. Prior to this, Oscar was an Assistant District Attorney at the New York County District Attorney’s Office in Manhattan where he investigated and prosecuted various types of felonies, including embezzlement, credit card fraud and computer crimes. Oscar is a frequent guest commentator on Court TV and has also served as a speaker and panelist at several conferences focusing on various anti-money laundering practices and procedures.
Recorded: December 8, 2005 Return Policy.
CD-ROMs are non-refundable after purchase. Replacement only if CD-ROM is returned.
